HERE’S WHY BITCOIN STILL CAN’T START A BULLRUN – Cryptocurrency/BTC Trading Analysis

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The Bitcoin (BTC) and cryptocurrency bear market of 2018 has been a rough time but today I have a completely new way to look at this which I wanted to present to you. It might change how you view the crypto market and give an idea of when bitcoin will go up again.

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About the Author: Forflies

35 Comments

  1. Fuck bitcoin take a look at gold it was extremly oversold . 26 on RSI on weekly ! when btc will brake 30 on RSI on the weekly then and only THEN i will be interested.

  2. Unfortunately , they have to underestimate peoples intelkigence , But i would also suggest looking into SKYCOIN , original P2P network to have freedom to information and can accomplish all the XMR , BTC, ETH , QKC, ETHOS , and WABI , SUB , TRX , can do and is a 6 year old project no games and I forgot they have an encrypted messaging app also free private access , and they payout miners that operate with their custom made skyminers , and use a privacy code of OBELISK thats where people are missing , this project will be a top 5 within 5 years as the new private google , if you do any giveaways look into ssc and teum , they have been mine since 1.18 and teum .66 , they are the apple companies of the future , with the stock market being very slow ,

  3. It looks like we're slowly oscillating up right now, but the volume is poor and I believe there are many holders that don't put in new fiat.

  4. Volume could come by sudden out of nowhere through manipulation. We had this in April, 1000 dollars within few minutes and BAM, shorts liquidated. Bunch of people will shill bull and go long, and get rekt

  5. Sorry. After 15mins 30 secs, the chart shows back to Dec 17. If I look at the volume at the bottom of the screen, it appears to show that there was far less volume during the run up, and even the crash, than over the last couple of months between the 8000 to 5800 range. Particularly during the last run to 8000. I would be interested to hear your thoughts as to why this is. Thank you.

  6. BTC DONATIONS: 13Nfimdy7eWvLzgDCXq19xjgYuGgwWfJ6w

    First off, this is my opinion and personal view of XRP. It is the technology that needs to be invested in. If you believe and understand the technology and its value and benefit to the market then you will have every faith in XRP. It is not going to hit $1000 for a very long time (if at all). It may hit $5 – $8 in a short while but it will not reach the $100+ for at least 12-18 months at the minimum. Unless mass amounts of corporate companies invest into the technology, or there is a huge buy of XRP, the price will not hit the high amounts anytime soon. This is a waiting game based on understanding of the market, the technology behind XRP with Ripple and the market accepting the technology (mainly the banking world). It brings a huge amount of value and benefit to the market place. All we need is the companies and banks to realise this sooner rather than later. Some are already on board and more are working with Ripple to negotiate (from what I hear). It is a great investment regardless to what you may or may not hear. The question is: Do you believe in it enough to hold on long term? – I do!

  7. Dollar strong, stock market strong, crypto being suppressed. Bottom line the unfortunate reality is we need fiat currencies and equities to start their terminal decline with all the turmoil that will initiate, to start the bull run proper in Crypto

  8. Invest in a real decentralised cryptocurrency like XRP ( Ripple only owns 7% of the XRP validators) Bitcoin is a failing, Centralised "Speculation Tool" (3 x Chinese mining pools control 53% of Bitcoin's hash rate)

  9. You say the low volume scares you. You do realize that even in the stock market AUGUST is the lowest trading month of the year? I feel like you missed that.

  10. Which Market Wizards book by Jack D. Schwager? Most recent is Little book of Market Wizards 2014 but there is New Market Wizards 1994, Stock Market Wizards 2003, & Market Wizards 2012 As well as Hedge Fund Market Wizards also 2012

  11. Markets fall on high volume and bottom on low volume. This is normal and expected so I'm not sure why you call low volume bearish? High volume going lower is bearish

  12. Smashed the likes. I respect and like your (and Kirby's) content. Especially the riskreward zones. But imho I do not agree on the Bull case. In some perspectives (2-day chart i.e.) the DPO, EMA's , Squeeze momentums of BB & KC are showing already higher lows of 21-EMA and SMA's of the DPO's. The Squeezed momentums are showing exhaustion of bear movement (and bull movement). There is no surprise for me that we were in Wick City the last 2 weeks. If you need to extrapolate the price movement for next weeks you need to get rid of your availability bias. The bull run may have started 2 weeks ago in slow motion.

  13. The volume to the left of the chart when the price was flying, is much less than that we see now whilst we are ranging. What are your thoughts on why this is? Thank you.

  14. a good trader can take advantage of sideways market. this is a bull flag formation. yes volumes are not backing it right now but volumes will pick up once 6800.resistence is broken. alot of spectating traders watching for that flag

  15. yeah man… the better of 2 evils… if the banksters werent such bandits, I would have taken more profit "at the top"…
    But…if the banksters weren't such bandits, we probably wouldnt have BTC at all, or probably not in current form…and the world might not be such a mess… hum… !!! πŸ™‚

  16. Whats that – dont go all in – only like 1% or 3% of your total position…toally agree – thats why I have NO CASH !!! πŸ™‚
    What… me… trust the banks… trust TetherConnect… NO FRICKIN CHANCE – FUCK THAT – I'll stick with BTC / LTC / DASH / VTC Cheers !!! πŸ™‚ thats how I like my positions – 1% to 3% CASH !!! πŸ™‚
    NO… NOT BCH BTRASH CASH… !!! πŸ™‚ 0% BTRASH !!! πŸ™‚ DIE BTRASH DIE !!! πŸ™‚ BTC IS KING !!! πŸ™‚ HODL !!! πŸ™‚

  17. I think if this thing is going to break to the upside it needs to go from where we are right now in the high sixes straight past or to 73. It's a pretty good time to do it because the majority of people don't expect it and they have been convinced by a lot of the talking heads that we are going to go three four or five k. The shorts are there to add fuel to the fire and even if we go back and retest 8500 at least then we break the pattern of lower highs on the long chart

  18. Time or Value – I need more value or its gonna cost me more crypto – I'm running out of time on this current one, so it might just have to be that way – kinda sucks – I'm risking the potential "loss" cos I want the possibility of "infinite" gain…but like I said, I'm running out of time…some of us ARENT shorting BTC, and are actually just trying to use it to live… try it – its a bit of a fuckin nitemare sometimes !!! πŸ™‚ like now… !!! πŸ™‚

  19. FAF – "I like to NOT loose money – its a hobby of mine" !!! πŸ™‚ well said !!! πŸ™‚
    I'm still in green in BTC – my LTC & DASH are well up in GBP / USD, but about even compared to BTC – My VTC position IS currently the Titanic – stuck in place at the bottom of the ocean – I don't think its gonna tank anymore, cos only like $0.70… but could do with a bit of a major Thunderbirds / Stingray combined rescue / resurection !!! πŸ™‚ FAB !!! FAF !!! πŸ™‚

  20. The last time BTC had a 950% bull run it took 615 days to bleed out before it was making higher highs and lows and eventually made a bull run up 10000%. Both Bull runs were in Dec 2 years apart. Dont expect this current bear Market to end anytime soon. Grandma's Cookies are still in the freezer and She is taking a Nap

  21. ha – FAF – part of the reason for the current valuation nitemares is "a lot of people going to BitMex to trade there" (shorts)… "discount link in the description" !!! πŸ™‚ sorry I didnt write your whole quote, but thats the jist of it !!!! FAF !!! πŸ™‚

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